Bulgaria Foreign Debt Down to EUR 37 B End-Febr

Bulgaria's gross foreign debt shrank 0.8% on a monthly basis to EUR 37 B at the end of February and accounted for 107.3% of the gross domestic product (GDP), the central bank said on Monday.

On an annual basis, the country’s gross domestic product fell by EUR 14.5 M, the data showed.

Gross private debt edged down 0.9% to EUR 32.8 b on a monthly basis, while banks' foreign debt dropped by EUR 186.4 M on a monthly basis in February and fell EUR 1.1 B from a year ago.

Public and publicly guaranteed external debt went up slightly in comparison with the previous month to EUR 4.2 B, or 12.3% of GDP, according to the data.

Bulgaria forked out EUR 1.112 B to pay its gross foreign debt in February (3.2% of GDP) in comparison with EUR 1.4 B the previous year.

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